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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICES

Who pays for the services?

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESDEFINING TARGET GROUPS

Under-represented

women

youth (younger people),

migrants

Disadvantaged

seniors, (long term )

(long term) unemployed,

ethnic minorities and migrants,

disabled, ( early) school drop outs

more generally people with low education.

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESDEFINING THE TYPE OF ECONOMIC ACTIVITY

Survival and self employed out of

necessitySelf-employed) Micro

entrepreneursSmall

entrepreneursMedium

entrepreneurs

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESCHANGES IN FORMS OF SELF- EMPLOYMENT AND ENTREPRENEURSHIP

• Diversity

• Globalisation,

• Social Media

Leading to

• Changes in status of employed/unemployed/self-employed

• Emergence of hybrid figures (e.g. intermittent, part-time or combined entrepreneurs).

• New forms of financing

See also November 2012, Conference on Inclusive Entrepreneurship

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESMATCHING FINANCING WITH TARGET GROUPS

Informal financing

Micro finance Banks Investment funds

New forms

Survival and self employed out of necessity

XXX XX SHGs

Self-employed XXX Mutual schemes/ cooperatives

Micro entrepreneurs XXX XX Cooperatives/ Crowd funding

Small entrepreneurs XXX P2P lending/Faith based/

Medium entrepreneurs

    XXX XXX P2P/ Informal investors

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESNEW / RENEWED FORMS OF FINANCING

Micro finance supplementary to banks;

Crowd-funding and peer lending, outside of traditional financial markets;

Faith based financing such as Islamic finance (specific target groups) ;

Loan guarantees revisited

Community based and self-governed financing systems,

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MATCHING BUSINESS DEVELOPMENT SERVICES WITH TARGET GROUPS

Business development services

Type of Enterprise

Client development

Services (CDS)

Entrepreneurship Development Services (EDS)

Business Development Services

Small enterprises

  Enterprise Education (at vocational training and polytechnic level)

Business Creation programmes

Management trainingBusiness AdviceInformation Technical skills training (formal)Innnovation programmes Sector / market studiesBusiness associations Infrastructure

Micro enterprises

Financial Literacy programmesHealth, safety and environmental awareness programmes

Enterprise Education (at vocational training level)

General business adviceCoaching mentoring

Self employed

Financial Literacy programmes

  Adjusted adviceInformal trainingMentoringWeb based information

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BDS

BDS FINFINBDS

Complementarity

Isolation

Additional and interrelated

Integrated services

FIN

BDS

or

INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICES FORMS OF DELIVERY

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INCLUSIVE ENTREPRENEURSHIP AND (FINANCING) OF BUSINESS DEVELOPMENT SERVICESNO STRUCTURAL FINANCING FOR BDS FOR SELF EMPLOYED/ MICRO ENTERPRISES

JASMINE/ DG REGION (EIF)

PROGRESS/ DG EMPLOI (EIF)

DG ENTERPRISE/ CIP etc

ESF

Self employed Capacity building MFIs

Funding MFIs    

Micro Capacity building MFIs

Funding MFIs   Special projects – BDS

Small     Financial instruments for SEs

Special projects – BDS

Medium     Financial Instruments for MEs